2020-12-31-accounts

Livingston Charitable Trust

Charity No. 1180801

Trustees' Report and Unaudited Accounts

31 December 2020

Livingston Charitable Trust Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Statement of Cash flows	7
Notes to the Accounts	8 to 12
Detailed Statement of Financial Activities	13

Page 1

Livingston Charitable Trust Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2020.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1180801

Principal Office

36 Firth Road Houston Industrial Estate Livingston EH54 5DJ

Trustees

The following Trustees served during the year:

G.A.H. Jumani

J. Jumani M.R. Jumani

Accountants

Sabat Accountants Ltd t/a Seymour King Suite G1

Hartsbourne House Delta Gain Watford WD19 5EF

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document are to relieve poverty and financial hardship through the provision of grants, loans, goods or services.

The main activities undertaken in relation to those purposes was to provide financial assistance to organisations in order to meet the charity's objectives.

The trustees believe that the objectives, aims and activities stated above are for public benefit and that they have given due consideration to the Charity Commission's guidance on the public benefit requirement.

ACHIEVEMENTS AND PERFORMANCE

The Trust supported the following charitable projects during the year:

1. A total sum of £257,000 was donated to various UK charities in line with meeting the trust’s objectives of poverty relief, assistance with financial hardship, medical care, Education etc.

2. The Trust donated £16,000 towards food parcels and breakfast distribution to the needy and poor people in Mumbai, India. This donation included support towards an Old people’s home, a Girls’ School in Bhavnagar, Gujarat and to a Blanket Charity Project for the poor in India.

3. This year saw an increase in requests for Corona Virus related donations, and the trust donated £53,000 towards these worthy charities in India.

Page 2

Livingston Charitable Trust Trustees Annual Report

1. The Trust also donated £5,000 to feed the poor & needy, the orphans, the disabled and disadvantaged villagers of Zanzibar and Pemba islands in Tanzania.

FINANCIAL REVIEW

During the period under review, the charity received unrestricted income of £352,450 (2019: £267,500) and had an expenditure of £333,585 (2019: £140,108). At the balance sheet date the charity held unrestricted funds of £146,257 (2019: £127,392).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's running costs. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. The trustees consider the reserves policy to be adequate having considered the impact of COVID-19. Donations are raised through contacts the trustees have with potential donors.

PLANS FOR FUTURE PERIODS

In 2021 we have pledged to continue quarterly donations of £3,000 towards the Refugee resettlement program and £7,500 for Iraqi Widows & Orphans.

We continue to support activities mentioned above with their ongoing deserving works being carried out. We will also happily support any other worthy charities that apply to our Charity for aid.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Livingston Charitable Trust is an unincorporated charity, registered in with the Charity Commission for England and Wales, with charity number 1180801. It is controlled by its governing document, a trust deed dated 15 June 2018.

The recruitment and appointment of a trustees is governed by clause 9 of the charity's trust deed.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

J. Jumani Trustee 24 September 2021

Page 3

Livingston Charitable Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Livingston Charitable Trust

I report to the trustees on my examination of the accounts of Livingston Charitable Trust for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FCCA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

• the accounting records were not kept in respect of the charity as required by section 130 of the Act; or

• the accounts do not accord with those records; or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sajjad Tejani FCCA Sabat Accountants Ltd t/a Seymour King Suite G1 Hartsbourne House Delta Gain Watford WD19 5EF 24 September 2021

Page 4

Livingston Charitable Trust Statement of Financial Activities

for the year ended 31 December 2020

		Unrestricted
		funds	Total funds	Total funds
		2020	2020	2019
	Notes	£	£	£
Income and endowments
from:
Donations and legacies	3	352,450	352,450	267,500
Total		352,450	352,450	267,500
Expenditure on:
Charitable activities	4	331,068	331,068	135,226
Other	5	2,517	2,517	4,882
Total		333,585	333,585	140,108
Net gains on investments		-	-	-
Net income	6	18,865	18,865	127,392
Transfers between funds		-	-	-
Net income before other
gains/(losses)		18,865	18,865	127,392
Other gains and losses
Net movement in funds		18,865	18,865	127,392
Reconciliation of funds:
Total funds brought forward		127,392	127,392	-
Total funds carried forward		146,257	146,257	127,392

Page 5

Livingston Charitable Trust Balance Sheet

at 31 December 2020

Charity No. 1180801		2020	2019
		£	£
Current assets
Debtors	8	6,250	-
Cash at bank and in hand		141,207	127,392
		147,457	127,392
Creditors:Amount falling due within one year	9	(1,200)	-
Net current assets		146,257	127,392
Total assets less current liabilities		146,257	127,392
Net assets excluding pension asset or liability		146,257	127,392
Total net assets		146,257	127,392
The funds of the charity
Restricted funds	10
Unrestricted funds	10
General funds		146,257	127,392
		146,257	127,392
Reserves	10
Total funds		146,257	127,392

Approved by the trustees on 24 September 2021

And signed on their behalf by:

J. Jumani Trustee 24 September 2021

Page 6

Livingston Charitable Trust Statement of Cash flows

for the year ended 31 December 2020

	2020	2019
	£	£
Cash flows from operating activities
Net income per Statement of Financial Activities	18,865	127,392
Adjustments for:
Increase in trade and other receivables	(6,250)	-
Increase in trade and other payables	1,200	-
Net cash provided by operating activities	13,815	127,392
Net cash from investing activities	-	-
Net cash from financing activities	-	-
Net increase in cash and cash equivalents	13,815	127,392
Cash and cash equivalents at the beginning of the year	127,392	-
Cash and cash equivalents at the end of the year	141,207	127,392
Components of cash and cash equivalents
Cash and bank balances	141,207	127,392
	141,207	127,392

Page 7

Livingston Charitable Trust Notes to the Accounts

for the year ended 31 December 2020

• 1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

These are available for use at the discretion of the trustees in furtherance of the Unrestricted funds general objects of the charity.

• Designated funds These are unrestricted funds earmarked by the trustees for particular purposes.

• Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

• Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Income is included in the Statement of Financial Activities (SoFA) when the charity Recognition of becomes entitled to, and virtually certain to receive, the income and the amount of income the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Voluntary income received by way of grants, donations and gifts is included in the Donations and the SoFA when receivable and only when the Charity has unconditional legacies entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. These are only included in income (with an equivalent amount in expenditure) Donated services where the benefit to the Charity is reasonably quantifiable, measurable and and facilities material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Livingston Charitable Trust Notes to the Accounts

Expenditure

• Expenditure is recognised on an accruals basis. Expenditure includes any VAT which

• Recognition of cannot be fully recovered, and is reported as part of the expenditure to which it

• expenditure relates.

• Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs.

• These comprise the costs incurred by the Charity in the delivery of its activities and

• Expenditure on services in the furtherance of its objects, including the making of grants and

• charitable activities governance costs.

All grant expenditure is accounted for on an actual paid basis plus an accrual for Grants payable grants that have been approved by the trustees at the end of the year but not yet paid.

• Governance costs

• These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

• Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Page 9

Livingston Charitable Trust

Notes to the Accounts

2 Statement of Financial Activities - prior year

2	Statement of Financial Activities - prior year
			Unrestricted
			funds	Total funds
			2019	2019
			£	£
Income and endowments from:
	Donations and legacies		267,500	267,500
Total			267,500	267,500
Expenditure on:
	Charitable activities		135,226	135,226
	Other		4,882	4,882
Total			140,108	140,108
Net income			127,392	127,392
Net income before other
gains/(losses)			127,392	127,392
Other gains and losses:
Net movement in funds			127,392	127,392
Reconciliation of funds:
Total funds carried forward			127,392	127,392
3	Income from donations and legacies
		Unrestricted	Total	Total
			2020	2019
		£	£	£
	General donation	341,200	341,200	240,000
	Gift aid	11,250	11,250	27,500
		352,450	352,450	267,500
4	Expenditure on charitable activities
		Unrestricted	Total	Total
			2020	2019
		£	£	£
	Expenditure on charitable
	activities
		331,068	331,068	135,226
	Governance costs
		331,068	331,068	135,226

Page 10

Livingston Charitable Trust Notes to the Accounts

5	Other expenditure
			Unrestricted	Total	Total
				2020	2019
			£	£	£
	General administrative costs		117	117	82
	Legal and professional costs		2,400	2,400	4,800
			2,517	2,517	4,882
6	Net income before transfers
			2020		2019
	This is stated after charging:		£		£
	Independent Examiner's fee		2,400		4,800
7	Staff costs
	No employee received emoluments in excess	of £60,000.
8	Debtors
			2020		2019
			£		£
	Other debtors		6,250		-
			6,250		-
9	Creditors:
	amounts falling due within one year
			2020		2019
			£		£
	Accruals and deferred income		1,200		-
			1,200		-
10	Movement in funds
			Incoming
			resources		At 31
		At 1 January	(including other	Resources expended	December 2020
		2020	gains/losses)
			£	£	£
	Restricted funds:
	Unrestricted funds:
	General funds	127,392	352,450	(333,585)	146,257
	Revaluation Reserves:
	Total funds	127,392	352,450	(333,585)	146,257

Page 11

Livingston Charitable Trust Notes to the Accounts

11 Analysis of net assets between funds

11	Analysis of net assets between funds
				Unrestricted
					Total
				funds
				£	£
	Net current assets			146,257	146,257
				146,257	146,257
12	Reconciliation of net debt
				New	At 31
		At 1 January		HP/Finance	December
		2020	Cash flows	leases	2020
		£	£	£	£
	Cash and cash equivalents	127,392	13,815		141,207
		127,392	13,815	-	141,207
	Net debt	127,392	13,815	-	141,207

13 Post balance sheet events

The COVID-19 pandemic occurred after the charity's year end. The trustees have considered the impact of the pandemic and are of the opinion that the charity has sufficient reserves to continue in operational existence.

Page 12

Livingston Charitable Trust Detailed Statement of Financial Activities

for the year ended 31 December 2020

Income and endowments from: Donations and legacies General donation Gift aid Total income and endowments Expenditure on: Charitable activities Total of expenditure on charitable activities General administrative costs, including depreciation and amortisation Bank charges Legal and professional costs Audit/Independent examination fees Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward 127,392 Total funds carried forward 146,257	- -	Unrestricted funds 2020 £ 341,200 11,250 352,450 352,450 331,068 331,068 331,068 117 117 2,400 2,400 2,517 333,585 - 18,865 18,865 - 18,865 - -	Total funds Total funds 2020 2019 £ £ 341,200 240,000 11,250 27,500 352,450 267,500 352,450 267,500 331,068 135,226 331,068 135,226 331,068 135,226 117 82 117 82 2,400 4,800 2,400 4,800 2,517 4,882 333,585 140,108 - - 18,865 127,392 18,865 127,392 - - 18,865 127,392 127,392 - 146,257 127,392

Page 13